CliffsAP Economics: Micro and Macro »

Ron Pirayoff teaches AP Economics at Burbank High School in Burbank, California.

CliffsAP study guides help you gain an edge on Advanced Placement* exams. Review exercises, realistic practice exams, and effective test-taking strategies are the key to calmer nerves and higher AP* scores.

CliffsAP Economics Micro & Macro is for students who are enrolled in AP Economics or who are preparing for the Advanced Placement Examination in Economics to earn college credit and/or placement into advanced coursework at the college level. Inside, you’ll find test-taking strategies, a clear explanation of the exam format, a look at how exams are graded, and more:

• A topic-by-topic look at what’s on the exam
• Reviews of both micro- and macroeconomics
• A checklist of the materials you’ll need on test day
• Four full-length practice tests

Sample questions (and answers!) and practice tests reinforce what you’ve learned in areas such as product and factor markets, supply and demand, and price elasticity. CliffsAP Economics Mirco & Macro also includes information on the following:

• Gross Domestic Product
• Aggregate supply and demand
• Fiscal policies
• Production costs
• Profit maximizations
• The government’s role
• International economics

This comprehensive guide offers a thorough review of key concepts and detailed answer explanations. It’s all you need to do your best — and get the college credits you deserve.

*Advanced Placement Program and AP are registered trademarks of the College Board, which was not involved in the production of, and does not endorse this product.

Introduction.

PART I: THE FUNDAMENTALS.

The Basics.

Supply and Demand.

PART II: MACROECONOMICS.

National Income Accounting.

Aggregate Expenditures, Aggregate Supply and Aggregate Demand Models.

Fiscal Policy.

Monetary Policy.

PART III: MICROECONOMICS.

Elasticities.

Choices and Utility.

Production Costs.

Product Markets and Profit Maximization.

The Government’s Role, Externalities, and Efficiency.

International Economics.

PART IV: AP MACROECONOMICS AND MICROECONOMICS TESTS.

Macroeconomics Full-Length Practice Test 1.

Macroeconomics Full-Length Practice Test 2.

Microeconomics Full-Length Practice Test 1.

Microeconomics Full-Length Practice Test 2.

Glossary.